ArabianBusiness.com - Middle East Business News
Thursday, 08 January 2009 17:53 UAE time

YOUR DIRECTORY /

Print this page Print this page | Email this to a friend Email this to a friend | Discuss this article (0 Comments) |

Arabtec bags $653.4mn deal

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 28 September 2008
WATERFRONT PROJECT: Arabtec is to build a project for Sunland Group in Dubai Waterfront (pictured). (Supplied)
WATERFRONT PROJECT: Arabtec is to build a project for Sunland Group in Dubai Waterfront (pictured). (Supplied)

Dubai's Arabtec Holding said on Sunday it has received a letter of intent from the Sunland Group to build a project worth 2.4 billion dirhams ($653.4 million) in Dubai.

The project, which includes residential towers at Nakheel's Dubai Waterfront development at Jebel Ali, is expected to be completed by the end of 2013, Arabtec said.

Arabtec is the United Arab Emirates' largest construction company by market value. (Reuters)

advertisement

Print Print | Email Email | Discuss this article |


READERS' COMMENTS


Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code * Code


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST CONSTRUCTION & INDUSTRY

  1. Developers bemoan delay to labour township plan
  2. New contractors in soon for Meydan project - chairman
  3. $32mn contract deal for first Economic City school
  4. Qatar's Energy City plan 'not affected' by global crisis
  5. Meydan-linked firm suffers further shares woe

TOP MIDDLE EAST BUSINESS STORIES

  1. Dubai World postpones Las Vegas hotel
  2. Moody's downgrades Bahrain bank outlooks
  3. Logistics firm sees 15% rise in business amid global crisis
  4. War in Gaza escalates despite peace talks
  5. Gulf region's 2009 growth forecasts slashed

ALSO IN MIDDLE EAST CONSTRUCTION & INDUSTRY

  1. Dubai World postpones Las Vegas hotel
  2. Kuwait ready for legal fight over $17.4bn deal
  3. Awards fever
  4. World class
  5. Spray it out loud

LATEST MIDDLE EAST BUSINESS NEWS

  1. Financial Markets: GCC markets suffer 57% fall in 2008
  2. Energy: Saudi reveals oil demand could fall by 45%
  3. Banking & Finance: Kuwait's Global defaults amid global crunch
  4. Construction & Industry: Dubai World postpones Las Vegas hotel
  5. Banking & Finance: Moody's downgrades Bahrain bank outlooks

RELATED STORIES

Arabtec (Arab Technical Construction Company) - UAE
| 100 stories
  1. Arabtec awarded $150mn contract
    4 Oct '08 | News
  2. Arabtec bags US $653m Atrium job from Sunland
    4 Oct '08 | News
  3. Arabtec awarded $150mn contract
    4 Oct '08 | News
  4. Arabtec bags US $653m Atrium job from Sunland
    4 Oct '08 | News
Arabtec (Arab Technical Construction Company) - UAE
| 100 stories
  1. Arabtec awarded $150mn contract
    4 Oct '08 | News
  2. Arabtec bags US $653m Atrium job from Sunland
    4 Oct '08 | News
  3. Arabtec awarded $150mn contract
    4 Oct '08 | News
  4. Arabtec bags US $653m Atrium job from Sunland
    4 Oct '08 | News
Sunland Group
| 3 stories
  1. Sunland Group launches The Atrium
    15 Oct '08 | News
  2. Brighter days ahead
    9 Oct '08 | Features

RELATED LINKS

  1. Arabtec (Arab Technical Construction Company) - UAE»
  2. Arabtec (Arab Technical Construction Company) - UAE»
  3. Sunland Group»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Arabtec (Arab Technical Construction Company) - UAE

  2. Arabtec (Arab Technical Construction Company) - UAE

  3. Sunland Group

  4. Financial Markets



Rich List 2008

MOST POPULAR CONSTRUCTION & INDUSTRY STORIES

EMIRATES ID DOWNLOAD

READER COMMENTS

  1. Nakheel offers help to World sub-contractors 1
    08 Jan ' 09 at 10:05
    This is very interesting. The word on the street is thatNakheel is finding it extremely difficult to raise financing themselves and now...  More »
  2. Dow threatens legal action over Kuwaiti deal 1
    08 Jan ' 09 at 04:23
    Even American and European oil& gas companies are postponing or cancelling projects and no government or commercial clients are suing...  More »
  3. Danube says it's not in crisis 1
    08 Jan ' 09 at 10:14
    The construction / building material trading sector is first and the worstly affected by the credit crisis and the property bust. Most...  More »
Read all user comments >

BUSINESS FEATURES

Royal Amwaj: Thai luxury

Royal Amwaj will be an amalgamation of elements from the Far East and the laid-back vibe of Seychelles.

Zero energy brighter future

A German architectural firm is to build the world's first tower with a zero carbon footprint in Bahrain.

Surging ahead

BMI forecasts Kuwait's construction industry to grow at 4.22% during 2008-12.

BUSINESS INTERVIEWS

Leave only footprints

The UAE environment and water minister on how to reduce the country's ecological footprint.

Star attraction

Former international model and celebrity designer Kimberly Green gets ready to take on the Middle East.

The man behind the mosque

Aedas' Fariborz Hatam goes on record about building the mosque that has everyone talking.

MORE FROM ARABIANBUSINESS.COM

JOBS

Jobs

SPECIAL REPORTS

Special Reports

SURVEYS & REPORTS

Research

PROPERTY

property